erc9311

BCH: Symmetrical triangle can bust up any minute!

Long
BITFINEX:BCHUSD   None
According to the Elliot Wave Principle, every market rise in five waves and corrects in three.

After an amazing impulse from $190 to $972 in five waves, BCH corrected in a double combo WXY waves, labeled in blue.

It all formed a symmetrical triangle set to bust before the end of the month, five new impulsive waves are expected is this count is correct. An extension of 1.618 can take us up to over $1400! I'm not crazy and neither does Fibonacci. That could be our Wave III

Comments

Here is the link to richest BCH addresses. Not sure if I'm interpreting the numbers correctly (can someone take a look please)
https://bitinfocharts.com/top-100-richest-bitcoin%20cash-addresses.html

To me it looks like the below addresses have purchased(or transferred?) huge amounts of BCH in October (as recently as yesterday) without selling out yet (First Out/Last Out columns are empty)

24 1549C7SbUjfNJk9TvTUqsD32j2tJ5iihHR 44,009 BCH ($14,809,982 USD) 0.2635% 2017-10-09 09:29:23 2017-10-09 09:29:23 2
29 1BoiNA9MHqBqZc9ffz4UtV29aSjh7rMcfD 39,942 BCH ($13,441,191 USD) 0.2392% 2017-10-25 13:11:05 2017-10-25 13:11:05 1
32 1KJskfoLfaqDnBYHHHLCQoXDZxGvYhKGrY 35,004 BCH ($11,779,585 USD) 0.2096% 2017-10-18 12:00:24 2017-10-18 18:38:39 5
36 1DDKxA3AsJexhXRnoxJrQywcyqHBwbxUHq 28,964 BCH ($9,746,874 USD) 0.1734% 2017-10-22 17:11:26 2017-10-22 17:11:26 1
49 13RoJq4mmQJiujVZN7cA8hHJQp6Wgi4C7G 25,000 BCH ($8,413,042 USD) 0.1497% 2017-10-11 19:39:41 2017-10-11 20:05:44 2

Another interesting trend analysis I came across on BCH
https://techburst.io/why-i-will-make-1-mil-with-bitcoin-cash-eac347c775e1
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